Vitafoam to cancel 1.149bn unissued ordinary shares

Vitafoam Nigeria Plc have got shareholders’ approval for company’s proposal to cancel 1,149, 155,936 unissued ordinary shares of 50 kobos each. The shareholders approved this during Vitafoam’s Extra-Ordinary General Meeting (EGM), in compliance with a recent adjustment to the law regulating companies in the country. The Company Chairman, Dr Bamidele Makanjuola at the Extra-Ordinary General Meeting stated thus: […]